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What to do with all that money?

Topic closed. 7 replies. Last post 12 years ago by psykomo.

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Bradly_60's avatar - disney37
Atlantic Mine, Michigan
United States
Member #416
June 23, 2002
1614 Posts
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Posted: April 23, 2005, 2:27 pm - IP Logged

While I was dreaming of what to do with my $86 million after taxes (Hey it did go in my state at least..haha) I came up with a pretty good idea.  Well first you have to spend.  Take the extra 6 million and go on a spree.  Cars, houses, whatever you want.  Then you take the 80 million left over and put it in a rising rate CD that you could get 5% right now with.  80 million @ 5%....that's $4,000,000 in interest a year...almost $11,000 a day...in interest alone.  Now that would be the way to go.  Its a safe return.  You could live on the interest even with expensive tastes.  Anyone else dream of what they would do with all that money?

Brad

All Michigan's jackpots seem to go near the Detroit area.  Why not in the UP?  haha

    Jake649's avatar - scene sunovermountains.jpg

    Canada
    Member #2673
    November 2, 2003
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    Posted: April 23, 2005, 4:32 pm - IP Logged

    Brad,

    I visited the UP last year. Where do you live?

    To answer your question. Since most tickets are sold in the southern part of the state, there is a much higher probability that the winners will be there also.

    Jake

      MillionsWanted's avatar - 24Qa6LT

      Norway
      Member #9517
      December 10, 2004
      1279 Posts
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      Posted: April 23, 2005, 5:30 pm - IP Logged

      That sounds like the smart way to do it.

      If the interest really is that high.



      I would live on the interests until retirement. Then spend the rest of the money in the bank.

        Avatar
        Greenwich, CT
        United States
        Member #4793
        May 24, 2004
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        Posted: April 23, 2005, 5:51 pm - IP Logged

        If I had $86 million....I would....

        Spend $15 million on a couple nice estates, and about five exotic cars.

        $1 million on a freakin blockbuster celebration party.

        $5 million various charities/scholarships?

        $20 million for family/friends (now & later)

        $45 million in the bank.  Why do rich people stay rich?  They've got a lot more tailored investment advice.  Along with hedge funds you've got plenty of banks ready to give you top-level service.  A return of 10% with little risk is, well, in the bank.   

          tntea's avatar - Lottery-059.jpg

          United States
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          June 30, 2004
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          Posted: April 25, 2005, 9:07 pm - IP Logged

          86 million...

          Well needless to say.. MY dear Parents would never want for anything.. neither would my two already spoiled kids and 4 already spoiled grandkids

               OLD/Vtrac   Lottery Bible         Double Warnings      Thumbs Up TN F34/F44

            psykomo's avatar - animal shark.jpg

            United States
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            May 30, 2004
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            Posted: April 25, 2005, 10:37 pm - IP Logged
            Quote: Originally posted by JAG331 on April 23, 2005

            If I had $86 million....I would....

            Spend $15 million on a couple nice estates, and about five exotic cars.

            $1 million on a freakin blockbuster celebration party.

            $5 million various charities/scholarships?

            $20 million for family/friends (now & later)

            $45 million in the bank. Why do rich people stay rich? They've got a lot more tailored investment advice. Along with hedge funds you've got plenty of banks ready to give you top-level service. A return of 10% with little risk is, well, in the bank.   








            AGREE...............JAG:



            TO disagree............(only a mere're $$$$$$$$$1 million on a blockbbbster

            party YOY wish to spend.................................is cheap, to CHEAPAAPEEE).



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            PSYKOMO

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              Redmond WA
              United States
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              July 29, 2004
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              Posted: April 25, 2005, 10:56 pm - IP Logged

               

               I would give all you guys doughnut's and to one lucky member on this

               site a fully restored Yugo and AMC Pacer with a full tank of gas.

                psykomo's avatar - animal shark.jpg

                United States
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                May 30, 2004
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                Posted: April 25, 2005, 11:38 pm - IP Logged
                Quote: Originally posted by MPJO on April 25, 2005

                I would give all you guys doughnut's and to one lucky member on this

                site a fully restored Yugo and AMC Pacer with a full tank of gas.






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